Trusts pitches SP group's ₹25K cr monetisation plan for its Tata Sons stake
The proposal seeks to address the SP Group's liquidity needs without a Tata Sons listing, through the sale of shares held by Cyrus Investments and Sterling Investment.
The Tata group leadership crisis has deepened with Tata Sons' board voting to extend N Chandrasekaran's term as executive chairman for another five years. This decision overturns Chandrasekaran's earlier plan to step down from his role. However, Tata Trusts, the conglomerate's majority shareholder, immediately rejected the resolution, intensifying the leadership struggle that has been ongoing for over a year.
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- Who owns Tata, who runs it? The Tata Sons-Tata Trusts power tussle explained timesofindia.indiatimes.com
